Krugman: Those counting on Obamacare collapse are “making a very bad bet”

Salon ^ | November 20, 2013 | Elias Isquith, assistant editor

[Mike Darancette]

Here in CA I hear they have all the free loaders signing on quickly and everyone else is staying home.

They dropped the asset tests so even rich folks with low adjusted income can get it. About 1.5 million in CA will now be eligible for Medi-Cal.

[ops33]

I hope that the state exchanges do well. That is where this type of service belongs, not with the Federal Government.

[HamiltonJay]

Sorry but a full 2/3 of folks who currently have insurance will see their existing policies cancelled, if you think that’s a win for the dems, your are smoking some good stuff.

Remember they gave businesses another year, which means the only reason the cancellatons are in the single digit millions and not close to 100 Million are because of that... Those notices will go out next October.

Between now and then folks will continue to lose their doctors and the epic fails will continue to be reported daily.

Not sure how badly this will hurt the dems but they are going to be crushed, and they know it.

[HamiltonJay]

Under Obamacare a family of 4 making 95,000 a year can still get subsidies.. its a fiscal disaster folks... EVEN IF IT WERE TO WORK EXACTLY AS DESIGNED.

[kevkrom]

Obamacare will fail because any kind of “success” would require repealing every law of economics and human nature known to man.

[nascarnation]

I sincerely hope you are correct.

In my flawed thinking world, I really believed no POTUS could be re-elected with 8% unemployment, $4 gas, surging food prices, and trillion dollar deficits.

[HamiltonJay]

I don’t think so, not at this point... Remember Democratic voters are not all hard core leftists, most are just low information voters. They vote democratic because their parents did and their parents before them.

Obama and the democrats have lied to them, they actually believed the lies and the press covered up the lies.. Now all that is gone. Obama is a liar to these people, nothing can put that back in the bottle.

Now a year is a long time in politics, so yes something could change, but right now we are going to have a year long story of how Obamacare is wrecking the health care system.

The bloom is off this rose, or more apropos the lipstick is off the pig. There is no way for Dems to backtrack on this, or for them to blame it on Republicans. They created, and forced this law into existence, they own it, and will pay a very high price for it.

The law will fail, it had no chance to succeed, because the MATH will never add up for it, never did. Wait until the BAILOUTS kick in and taxpayers find out the us government is going to spend 100’s of BILLIONS of dollars if not Trillions to bail out insurance companies because Obamacare created a fiscal mess.

Every Democrat up for re-election in the SENATE voted for this mess, every last one of them... Vast majority in the house did too... You think Obama cares if they get wiped out? Not really because like all things Obama its about him at the end of the day.

[A CA Guy]

The problem with Medical is you may find CA collecting a debt from a bank account or your real estate. You are not safe on Medical unless you are destitute.